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Appendix 3Y Change of Director's Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director's Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documen

Key Takeaway: Incannex Healthcare Limited (ticker: IXHL) reported several changes in director's interests as required under ASX listing rule 3.19A.2. The changes involved acquisitions of unlisted options by directors Joel Latham, Peter Widdows, and Troy Valentine on June 2, 2023. Notably, the specifics of the changes include direct and indirect interests across ordinary shares and options expiring on April 30, 2026. No securities were disposed of by any of the directors in this update.

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Full Press Release Details

Change of Director's Interest Notice
Change of Director's Interest Notice
Information or documents not
available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be
30/09/01 Amended 01/01/11
Name of entity INCANNEX HEALTHCARE LIMTIED
ABN 93 096 635 246
We (the entity) give ASX the
following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director Joel Latham
Date of last notice 12 August 2022
of director's relevant interests in securities
In the case of a trust, this
includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company,
interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in
Direct or indirect interest Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change 2 June 2023
No. and class of securities held prior to change 18,097,541 IHL ordinary shares 2,850,872 IHL ordinary shares escrowed until 30.06.2023 1,866,667 IHL ordinary shares escrowed until 30.06.2024 933,334 IHL ordinary shares escrowed until 30.06.2025 1,500,000 unlisted $0.05 options expiring 30.06.2025 750,000 unlisted $0.05 options expiring 30.06.2026 750,000 unlisted $0.05 options expiring 30.06.2026 (ESC) 1,500,000 unlisted $0.05 options expiring 30.06.2027 (ESC) 1,866,666 unlisted $0.26 options expiring 01.05.2025 1,866,666 unlisted $0.31 options - vesting 30.06.2023 and expiring 01.05.2026 1,866,668 unlisted $0.35 options- vesting 30.06.2024 and expiring 01.05.2027
Number acquired 1,583,227 unlisted $0.25 options expiring on 30 April 2026
01/01/2011 Appendix 3Y Page 1
Change of Director's Interest Notice
Number disposed Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $1,583.23
No. of securities held after change 18,097,541 IHL ordinary shares 2,850,872 IHL ordinary shares escrowed until 30.06.2023 1,866,667 IHL ordinary shares escrowed until 30.06.2024 933,334 IHL ordinary shares escrowed until 30.06.2025 1,500,000 unlisted $0.05 options expiring 30.06.2025 750,000 unlisted $0.05 options expiring 30.06.2026 750,000 unlisted $0.05 options expiring 30.06.2026 (ESC) 1,500,000 unlisted $0.05 options expiring 30.06.2027 (ESC) 1,866,666 unlisted $0.26 options expiring 01.05.2025 1,866,666 unlisted $0.31 options - vesting 30.06.2023 and expiring 01.05.2026 1,866,668 unlisted $0.35 options- vesting 30.06.2024 and expiring 01.05.2027 1,583,227 unlisted $0.25 options expiring on 30 April 2026
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Purchase of Loyalty Options
Change of director's interests in contracts
Note: In the case of a company,
interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in
Detail of contract N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Change of Director's Interest Notice
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change
Were the interests in the securities or contracts detailed above traded during a + closed period where prior written clearance was required? No.
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?
of Director's Interest Notice
Change of Director's Interest Notice
Information or documents not available
now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
30/09/01 Amended 01/01/11
Name of entity INCANNEX HEALTHCARE LIMTIED
ABN 93 096 635 246
We (the entity) give ASX the
following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director Peter Widdows
Date of last notice 21 September 2021
of director's relevant interests in securities
In the case of a trust, this
includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company,
interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in
Direct or indirect interest Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. The Peter Widdows Superannuation Fund (Benficiary)
Date of change 2 June 2023
No. and class of securities held prior to change DIRECT 15,973,685 IHL ordinary shares INDIRECT 600,0000 IHL ordinary shares
Number acquired DIRECT 1,064,913 unlisted $0.25 options expiring on 30 April 2026 INDIRECT 40,000 unlisted $0.25 options expiring on 30 April 2026
Number disposed Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $1,104.92
01/01/2011 Appendix 3Y Page 1
Director's Interest Notice
No. of securities held after change DIRECT 15,973,685 IHL ordinary shares 1,064,913 unlisted $0.25 options expiring on 30 April 2026 INDIRECT 600,0000 IHL ordinary shares 40,000 unlisted $0.25 options expiring on 30 April 2026
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Purchase of Loyalty Options
Change of director's interests in contracts
Note: In the case of a company,
interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in
Detail of contract N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change
Were the interests in the securities or contracts detailed above traded during a + closed period where prior written clearance was required? No.
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?
of Director's Interest Notice
of Director's Interest Notice
or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property
and may be made public.
30/09/01 Amended 01/01/11
Name of entity INCANNEX HEALTHCARE LIMTIED
ABN 93 096 635 246
(the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section
205G of the Corporations Act.
Name of Director Troy Valentine
Date of last notice 12 August 2022
1 - Change of director's relevant interests in securities
the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director"
should be disclosed in this part.
Direct or indirect interest Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. See notes below
Date of change 2 June 2023
No. and class of securities held prior to change 36, 651 198 IHL Ordinary Shares 2,800,000 Options with various exercise prices, vesting dates and expiry dates.
Number acquired 2,443,413 unlisted $0.25 options expiring on 30 April 2026
Number disposed Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $2,443.41
No. of securities held after change 36, 651 198 IHL Ordinary Shares 2,800,000 Options with various exercise prices, vesting dates and expiry dates. 2,443,413 unlisted $0.25 options expiring on 30 April 2026
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Purchase of Loyalty Options
01/01/2011 Appendix 3Y Page 1
of Director's Interest Notice
2 - Change of director's interests in contracts
In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director"
should be disclosed in this part.
Detail of contract N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change
Were the interests in the securities or contracts detailed above traded during a + closed period where prior written clearance was required? No.
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?
of Director's Interest Notice
- Direct & Indirect Interests
Description of entities/relationships:
b. A director of Tranaj Nominees Pty Ltd, Valplan Pty Ltd, Alignment Capital Pty Ltd and Cityside Pty Ltd
c. 100% shareholder in Cityside Pty Ltd (ACN 112 375 354)(" Cityside ")
d. 50% shareholder in Alignment Capital Pty Ltd (ACN 167 124 754)(" Alignment ")
Table 1 - holdings before changes
IHL Ordinary Shares IHL Options
Troy Valentine 2,925,000^ 2,800,000^^
Ekirtson * 2,875,000
Tranaj * 10,216,950
Valplan 3,000,000
Alignment * 13,194,248
Cityside 4,440,000
TOTAL 36,651,198
Table 2 - holdings after changes
IHL Ordinary Shares IHL Options
Troy Valentine 2,925,000^ 2,994,999^^
Ekirtson * 2,875,000 191,667
Tranaj * 10,216,950 681,130
Valplan 3,000,000 200,000
Alignment * 13,194,248 879,617
Cityside 4,440,000 296,000
TOTAL 36,651,198 5,243,413
* Mr Valentine is not the sole beneficiary of these entities.
^ Of these 2,333,334 Securities issued to KMP as part of remuneration package for FY 21 and 22, subsequent to Shareholder Approval obtained at the General Meeting of the Company on 09 June 2022; with vesting dates as per details in the Notice of Meeting dated 12 May 2022. 466,666 Shares have already vested.
^^ Securities issued to KMP as part of remuneration package for FY 21 and 22, subsequent to Shareholder Approval obtained at the General Meeting of the Company on 09 June 2022; with vesting dates as per details in the Notice of Meeting dated 12 May 2022.
01/01/2011 Appendix 3Y Page 3

Frequently Asked Questions

Who is the director mentioned in the notice?

The directors mentioned are Joel Latham, Peter Widdows, and Troy Valentine.

What changes occurred on June 2, 2023?

On June 2, 2023, all listed directors acquired additional unlisted options.

Was any security disposed of during this change?

No securities were disposed of during the changes on June 2, 2023.

What is the nature of the change for these directors?

The nature of the change involved the purchase of Loyalty Options.

How many options did Joel Latham acquire?

Joel Latham acquired 1,583,227 unlisted $0.25 options.

Last updated: Jun 7, 2023